Key Points
- CEO Eric Yuan sold 12,100 Zoom shares on June 2 at an average price of $111.61, totaling about $1.35 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- Zoom’s stock was down about 0.9% in the session noted, opening at $105.21. The shares have traded between a 52-week low of $69.15 and a high of $114.74.
- The company recently posted better-than-expected quarterly results, with EPS of $1.55 versus the $1.42 estimate and revenue of $1.24 billion, up 5.5% year over year. Analysts currently rate the stock Moderate Buy with a consensus target price of $109.33.
Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zoom Communications Stock Down 0.9%
Shares of ZM stock opened at $105.21 on Friday. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74. The company has a market capitalization of $30.85 billion, a P/E ratio of 15.45, a P/E/G ratio of 6.08 and a beta of 1.01. The firm has a 50-day moving average price of $93.91 and a 200 day moving average price of $88.06.
Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.43 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, research analysts expect that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have recently issued reports on ZM. Citizens Jmp reiterated a "market perform" rating on shares of Zoom Communications in a research note on Wednesday, May 20th. BTIG Research lifted their target price on shares of Zoom Communications from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, May 22nd. Sanford C. Bernstein cut their target price on shares of Zoom Communications from $90.00 to $88.00 and set a "market perform" rating for the company in a research note on Thursday, February 26th. Jefferies Financial Group lifted their price target on Zoom Communications from $105.00 to $118.00 and gave the company a "buy" rating in a report on Friday, May 22nd. Finally, Needham & Company LLC lifted their price target on Zoom Communications from $100.00 to $130.00 and gave the company a "buy" rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Zoom Communications has a consensus rating of "Moderate Buy" and a consensus target price of $109.33.
Get Our Latest Stock Report on ZM
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Zoom Communications by 10.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company's stock worth $19,697,000 after purchasing an additional 22,704 shares during the last quarter. Strive Asset Management LLC bought a new stake in Zoom Communications during the 3rd quarter worth about $1,238,000. LSV Asset Management raised its holdings in Zoom Communications by 5.0% during the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company's stock worth $88,229,000 after purchasing an additional 50,579 shares during the last quarter. Krilogy Financial LLC bought a new stake in Zoom Communications during the 3rd quarter worth about $1,963,000. Finally, Sherry Group Inc. bought a new stake in Zoom Communications during the 4th quarter worth about $894,000. 66.54% of the stock is owned by institutional investors.
About Zoom Communications
(
Get Free Report)
Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company's platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom's product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.
Founded in 2011 by Eric S.
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